August 28th – September 3rd – S&P500 and DJIA Trading Levels - Forex News by FX Leaders

August 28th – September 3rd – S&P500 and DJIA Trading Levels

Posted Monday, August 28, 2017 by
Arslan Butt • 1 min read

This week, the stock markets are likely to remain volatile over several top-tier economic events from the United States, including the labor market figures later this week. The global equity market is vulnerable as Fed Chair Janet Yellen failed to offer clues about U.S. monetary policy. 

I mentioned in my previous trading levels report, that S&P500 has a support at $2420 and resistance at $2461. Despite all the volatility, and fluctuations, the index traded at these levels, helping us benefit from the choppy trading. Check out the new trading levels for the week ahead.

S&P 500 – SPX500- Trading Levels

Support            Resistance

S1: 2423             R1: 2453

S2: 2414            R2: 2462

S3: 2400            R3: 2476

Key Trading Level – $2438

DJIA – US30 – Trading Levels

Support            Resistance   

S1: 21656           R1: 21898

S2: 21581            R2: 21973

S3: 21460           R3: 21898

Key Trading Level – $21777

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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